Most Homeowners Insurance carriers offer a Home Security Monitoring Discount for security devices in your home; the discount varies by carrier but generally, a safe estimate is between 10 – 15% of the premium.
The FBI recently announced that a home burglary occurs every 15 seconds in the U.S. and homes with an alarm system are 3 times more likely to be victimized. Insurance carriers have assessed that a monitored security system is an obstruction to criminals thereby affording less risk to the homeowners insurance company. With less risk comes less premium thereby offering savings to the homeowner.
Burglars will generally victimize soft targets; homes with alarm systems and signage, homes with security cameras, homes with dogs, and homes with security bars are less likely to be burglarized.
In addition to the burglary element, modern alarm systems offer smoke, fire and carbon monoxide poisoning alerts; most systems have a panic alarm mode in the event of a home invasion or other threat, and some systems have a voice alert option to assist for medical purposes if there is a resident who may need some type of medical assistance and may be fearful of being left alone. Many systems today offer a remote control fob for easy access to the system.
During the process for shopping for homeowners insurance, many customers inquire about the alarm discount wondering if perhaps the discount would cover a large portion of the alarm monitoring fees; this will seldom occur. The best answer to consumers is that the Alarm Monitoring Discount is a great savings for those who have a professionally monitored system but the discount (if the security/safety benefits are of no concern) will in no way help make a decision to install a monitored security system.
Insurance companies typically ask the homeowner to request a certificate to be faxed to them annually to maintain the well deserved credit on the insurance policy. Alarm companies don’t charge a fee for faxing a monitoring certificate to the insurance company.
You may obtain your homeowners insurance quote today and receive greater savings with your Monitored Security System: Click Here For Online Quote